Revenues of bitcoin miners reached $1 million per hour
Bitcoin miners‘ earnings after halving in May rose 185% to the current $1 million per hour, Glassnode estimated. The last time revenues were this high was in the summer of 2019, when the reward per block was 12.5 BTC.
A week earlier, the company’s specialists drew attention to the low sales activity of miners. The seven-day moving average of the Miner Outflow Multiple indicator is well below the historical highs.
Bitcoin’s mining difficulty has dropped to 18.6 trillion T in recent days, according to BTC.com. The record high in September was 19.31 T.
The first cryptocurrency’s network hashtray has averaged 142.85 EH/s in the past 24 hours, according to BitInfoCharts. According to 8btc, bitcoin’s new records made mining even on older devices such as the Antminer S9 profitable. The latter were losing competitiveness after the March collapse and the third halving.
Bitcoin’s average transaction fee is $7.5. The figure reached $12.25 on December 18 amid a crowded mempool.
Earlier, CryptoQuant head Ki Yong-Ju noted a decrease in sales pressure from miners.